Democrats in the Senate and House have proposed two separate bills that, if passed into law, would reduce the ability of corporations to own single-family rentals.
It's not the first time that Democratic members of Congress have criticized corporate landlords as being "predatory." Some Senate Democrats filed a bill in July 2023 to undercut institutional investment in SFRs by reducing tax deductions. Previous attempts didn't have a chance of being passed because of the filibuster and the narrow hold Democrats have on the Senate. Similarly, neither of the new bills has a likelihood to passing today.
The new bill in the Senate, called the End Hedge Fund Control of American Homes Act, intends to impose an excise tax certain corporate owners of SFRs to force them to sell off the properties. The tax on the acquisition of any new properties would be 50% of the fair market value of each.
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